See more : BH Global Limited (BHGU.L) Income Statement Analysis – Financial Results
Complete financial analysis of Berkshire Hills Bancorp, Inc. (BHLB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Berkshire Hills Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Berkshire Hills Bancorp, Inc. (BHLB)
About Berkshire Hills Bancorp, Inc.
Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 576.30M | 413.53M | 381.47M | 381.85M | 447.91M | 468.78M | 420.19M | 297.03M | 268.14M | 226.46M | 226.98M | 197.44M | 142.32M | 108.11M | 98.59M | 107.34M | 89.75M | 72.29M | 66.54M | 48.12M | 51.28M | 54.12M | 50.61M | 42.30M | 35.84M |
| Cost of Revenue | 253.36M | 241.78M | 247.25M | 0.00 | 0.00 | 248.32M | 227.00M | 161.52M | 0.00 | 0.00 | 119.16M | 104.42M | 78.17M | 65.01M | 63.85M | 62.11M | 55.62M | 41.09M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 322.94M | 171.76M | 134.22M | 381.85M | 447.91M | 220.45M | 193.19M | 135.51M | 268.14M | 226.46M | 107.83M | 93.02M | 64.16M | 43.09M | 34.74M | 45.22M | 34.13M | 31.20M | 66.54M | 48.12M | 51.28M | 54.12M | 50.61M | 42.30M | 35.84M |
| Gross Profit Ratio | 56.04% | 41.53% | 35.19% | 100.00% | 100.00% | 47.03% | 45.98% | 45.62% | 100.00% | 100.00% | 47.51% | 47.11% | 45.08% | 39.86% | 35.24% | 42.13% | 38.03% | 43.16% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 166.30M | 152.74M | 184.39M | 186.08M | 171.29M | 199.52M | 185.34M | 129.55M | 118.90M | 100.82M | 87.55M | 76.93M | 62.30M | 60.35M | 38.28M | 38.28M | 34.02M | 24.71M | 20.28M | 16.88M | 21.22M | 28.49M | 17.59M | 13.63M | 13.77M |
| Selling & Marketing | 5.38M | 5.10M | 2.75M | 3.70M | 4.47M | 7.98M | 11.88M | 3.16M | 3.31M | 2.57M | 2.60M | 2.03M | 6.21M | 5.19M | 10.67M | 0.00 | 0.00 | 0.00 | 0.00 | 991.00K | 678.00K | 648.00K | 629.00K | 578.00K | 599.00K |
| SG&A | 171.68M | 152.74M | 184.39M | 189.78M | 175.76M | 207.50M | 197.21M | 132.71M | 122.21M | 103.39M | 90.15M | 78.96M | 68.50M | 60.35M | 48.95M | 38.28M | 34.02M | 24.71M | 20.28M | 17.87M | 21.90M | 29.14M | 18.22M | 14.21M | 14.37M |
| Other Expenses | 0.00 | -89.39M | -416.84M | -1.12B | -503.76M | -431.04M | -137.36M | -65.63M | -293.99M | -247.70M | 0.00 | 0.00 | 0.00 | 0.00 | -61.67M | 0.00 | 0.00 | 0.00 | -87.25M | -28.12M | -40.40M | -57.70M | -22.01M | -16.10M | -15.67M |
| Operating Expenses | 253.90M | 5.10M | -232.45M | -934.72M | -328.00M | -223.54M | 11.88M | 3.16M | -171.78M | -144.31M | 2.60M | 2.03M | 6.21M | 5.19M | -12.72M | 48.86M | 19.41M | 66.07M | -66.97M | -10.25M | -18.50M | -28.56M | -3.79M | -1.89M | -1.30M |
| Cost & Expenses | 253.90M | 248.28M | -232.45M | -934.72M | -328.00M | -223.54M | 238.88M | 164.68M | -171.78M | -144.31M | 121.75M | 106.45M | 84.38M | 70.20M | 63.85M | 110.97M | 75.03M | 107.16M | -66.97M | -10.25M | -18.50M | -28.56M | -3.79M | -1.89M | -1.30M |
| Interest Income | 576.30M | 387.26M | 329.07M | 409.78M | 509.51M | 471.16M | 360.26M | 280.44M | 247.03M | 207.04M | 203.74M | 175.94M | 138.26M | 112.28M | 115.48M | 133.21M | 131.94M | 118.05M | 87.73M | 61.08M | 56.31M | 64.13M | 75.80M | 71.02M | 58.47M |
| Interest Expense | 207.25M | 42.66M | 37.90M | 93.00M | 144.26M | 111.83M | 65.46M | 48.17M | 33.18M | 28.35M | 34.99M | 32.55M | 31.74M | 35.33M | 45.88M | 57.47M | 68.02M | 57.81M | 36.12M | 20.72M | 18.74M | 23.43M | 33.56M | 33.47M | 26.92M |
| Depreciation & Amortization | 13.27M | 14.71M | 16.24M | 18.10M | 16.70M | 15.38M | 13.41M | 11.32M | 3.56M | 4.81M | 5.27M | 5.34M | 4.24M | 3.02M | 3.28M | 7.67M | 7.78M | 8.79M | 4.76M | 3.19M | 4.11M | 4.17M | 3.18M | 2.42M | 2.81M |
| EBITDA | 0.00 | -513.18M | 118.66M | -514.93M | 101.52M | 214.86M | 121.38M | 88.77M | 91.42M | 58.62M | 70.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.54M | 10.89M | 0.00 | 21.36M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 41.40% | 43.32% | -143.17% | 28.06% | 55.67% | 42.51% | 46.10% | 37.26% | 38.40% | 46.53% | 45.76% | 42.59% | 55.52% | 25.66% | 89.62% | 105.38% | 114.17% | 85.81% | 85.32% | 71.92% | 54.94% | 98.79% | 101.27% | 104.20% |
| Operating Income | 317.57M | 156.48M | 149.02M | -552.87M | 119.91M | 245.24M | 121.38M | 115.76M | 96.36M | 82.15M | 41.14M | 33.83M | 16.67M | 42.08M | 22.02M | 22.24M | 13.54M | 10.89M | -431.00K | 37.87M | 32.77M | 25.56M | 46.82M | 40.41M | 34.54M |
| Operating Income Ratio | 55.10% | 37.84% | 39.06% | -144.79% | 26.77% | 52.31% | 28.89% | 38.97% | 35.94% | 36.28% | 18.13% | 17.13% | 11.71% | 38.92% | 22.34% | 20.72% | 15.08% | 15.07% | -0.65% | 78.70% | 63.91% | 47.23% | 92.51% | 95.54% | 96.36% |
| Total Other Income/Expenses | -239.25M | 626.99M | -41.11M | -19.85M | 22.46M | -56.76M | -21.63M | -38.30M | -36.84M | -35.77M | -41.58M | -24.89M | -17.83M | -24.23M | -27.72M | 8.81M | 5.24M | 4.67M | -10.98M | 0.00 | -18.74M | -23.43M | -33.56M | -33.47M | -26.92M |
| Income Before Tax | 78.32M | 113.82M | 149.02M | -533.03M | 123.98M | 133.41M | 99.75M | 77.45M | 54.58M | 45.51M | 58.25M | 47.05M | 18.71M | 17.85M | -27.72M | 31.06M | 18.77M | 15.56M | 16.23M | 17.58M | 14.03M | 2.13M | 13.26M | 6.94M | 7.62M |
| Income Before Tax Ratio | 13.59% | 27.52% | 39.06% | -139.59% | 27.68% | 28.46% | 23.74% | 26.08% | 20.36% | 20.09% | 25.66% | 23.83% | 13.14% | 16.51% | -28.11% | 28.93% | 20.92% | 21.53% | 24.39% | 36.53% | 27.36% | 3.94% | 26.20% | 16.41% | 21.25% |
| Income Tax Expense | 8.72M | 21.29M | 30.36M | -19.85M | 22.46M | 27.65M | 44.50M | 18.78M | 5.06M | 11.76M | 17.10M | 13.22M | 2.04M | 4.11M | -11.65M | 8.81M | 5.24M | 4.67M | 8.00M | 5.64M | 5.07M | 362.00K | 4.35M | 2.36M | 2.00M |
| Net Income | 69.60M | 92.53M | 118.66M | -513.18M | 97.45M | 105.77M | 55.25M | 58.67M | 49.52M | 33.74M | 41.14M | 33.19M | 17.58M | 13.74M | -16.07M | 22.24M | 13.54M | 11.26M | 8.23M | 11.51M | 8.97M | 1.77M | 8.91M | 4.58M | 5.62M |
| Net Income Ratio | 12.08% | 22.38% | 31.11% | -134.39% | 21.76% | 22.56% | 13.15% | 19.75% | 18.47% | 14.90% | 18.13% | 16.81% | 12.35% | 12.71% | -16.30% | 20.72% | 15.08% | 15.58% | 12.36% | 23.92% | 17.48% | 3.27% | 17.61% | 10.83% | 15.69% |
| EPS | 1.61 | 2.03 | 2.41 | -10.21 | 1.96 | 2.30 | 1.40 | 1.89 | 1.74 | 1.36 | 1.66 | 1.49 | 0.98 | 0.99 | -1.22 | 2.08 | 1.47 | 1.32 | 1.16 | 2.18 | 1.70 | 0.33 | 1.42 | 0.70 | 1.03 |
| EPS Diluted | 1.60 | 2.02 | 2.39 | -10.21 | 1.95 | 2.29 | 1.39 | 1.88 | 1.73 | 1.36 | 1.65 | 1.49 | 0.98 | 0.99 | -1.22 | 2.06 | 1.44 | 1.29 | 1.10 | 2.01 | 1.57 | 0.30 | 1.35 | 0.70 | 1.03 |
| Weighted Avg Shares Out | 43.29M | 45.56M | 49.24M | 50.27M | 49.26M | 46.02M | 39.46M | 30.99M | 28.39M | 24.73M | 24.80M | 22.20M | 17.89M | 13.86M | 13.19M | 10.70M | 9.22M | 8.54M | 7.12M | 5.28M | 5.27M | 5.36M | 6.28M | 6.55M | 6.14M |
| Weighted Avg Shares Out (Dil) | 43.50M | 45.91M | 49.55M | 50.27M | 49.42M | 46.23M | 39.70M | 31.17M | 28.56M | 24.85M | 24.97M | 22.33M | 17.95M | 13.90M | 13.19M | 10.79M | 9.37M | 8.73M | 7.50M | 5.73M | 5.71M | 5.90M | 6.60M | 6.55M | 6.14M |
New Strong Sell Stocks for August 17th
BASFY, BANR and BHLB have been added to the Zacks Rank #5 (Strong Sell) List on August 17, 2023.
Berkshire Hills Announces Quarterly Shareholder Dividend
BOSTON , Aug. 4, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business...
New Strong Sell Stocks for August 3rd
BHLB, SIG and NYMT have been added to the Zacks Rank #5 (Strong Sell) List on August 3, 2023.
Berkshire Hills Bancorp, Inc. (BHLB) Q2 2023 Earnings Call Transcript
Berkshire Hills Bancorp, Inc. (NYSE:BHLB ) Q2 2023 Earnings Conference Call July 20, 2023 10:00 AM ET Company Participants Kevin Conn - SVP of IR & Corporate Development Nitin Mhatre - President and CEO David Rosato - CFO Conference Call...
Berkshire Hills Bancorp (BHLB) Q2 Earnings and Revenues Miss Estimates
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.51 per share a year ago.
Compared to Estimates, Berkshire Hills (BHLB) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Berkshire Hills (BHLB) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Berkshire Hills Reports Second Quarter Net Income of $24 Million, or $0.55 Earnings per Share
10% EPS Growth Year-over-Year Period-end loan growth of 2%; total deposits unchanged Net loan charge-offs decreased $1.1 million; credit loss allowance increased $2.2 million commensurate with loan growth TCE ratio of 7.9 percent and CET1 ratio of 12.1 percent Repurchased...
Berkshire Hills Bancorp (BHLB) Reports Next Week: Wall Street Expects Earnings Growth
Berkshire Hills (BHLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Berkshire Hills Announces Allocation of Inaugural $100 Million Sustainability Bond
Bond Supports Social & Environmental Projects in New England & New York BOSTON , July 10, 2023 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) ("Berkshire" or the "Company"), announced today that proceeds from its inaugural sustainability bond have been allocated to...
Berkshire Hills Bancorp (BHLB) Q1 Earnings Match Estimates
Berkshire Hills Bancorp (BHLB) came out with quarterly earnings of $0.63 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.43 per share a year ago.
Source: https://incomestatements.info
Category: Stock Reports